CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 50,514	$ 30,054
Short-term investments	0	17,853
Accounts receivable, net	4,573	16,594
Inventories	33,817	23,908
Prepaid expenses and other current assets	2,861	621
Total current assets	91,765	89,030
Property and equipment, net	3,185	2,759
Operating lease right-of-use assets, net	5,987	6,123
Other non-current assets	238	231
Total assets	101,175	98,143
Current liabilities:
Accounts payable	4,183	9,206
Accrued expenses	3,232	4,143
Operating lease liabilities, short-term	397	137
Deferred revenue, short-term	147	2,822
Total current liabilities	7,959	16,308
Operating lease liabilities, long-term	6,016	6,163
Deferred revenue, long-term	4	31
Other long-term liabilities	42	41
Total liabilities	14,021	22,543
Shareholders' equity:
Preferred stock, $0.01 par value: Authorized: 10,000 shares Issued and outstanding: none	0	0
Common stock, $0.01 par value: Authorized: 75,000 shares Issued and outstanding: 28,826 shares and 28,539 shares at November 30, 2023 and May 31, 2023, respectively	288	285
Additional paid-in-capital	128,543	127,776
Accumulated other comprehensive loss	(134)	(155)
Accumulated deficit	(41,543)	(52,306)
Total shareholders' equity	87,154	75,600
Total liabilities and shareholders' equity	$ 101,175	$ 98,143